Payday Loans in Nevada

Yes, payday loans are legal in Nevada from lenders licensed by the Financial Institutions Division, which calls them deferred deposit loans. The loan, combined with your other outstanding loans, can't exceed 25% of your expected gross monthly income, and the lender must check the state database first.

Nevada Payday Fees at the 2024 Average Rate

Worked out from the average fees per $100 in FID's 2024 Lending Database Annual Report. These are reference figures, not offers from lenders in our network; your fee can be lower or higher.

Fees vary by lender and term, so read the finance charge and APR on the agreement. Lenders recorded $9.7 million in fees on $65.7 million of payday loans in 2024, and 12.4% of payday borrowers took 12 or more loans that year.

Your Income Sets the Limit: Nevada's 25% Rule

A payday loan, combined with your other outstanding loans, can't exceed 25% of your expected gross monthly income. On $2,000 a month, that's $500 in total.

• The lender must weigh the database result and any other information it has in deciding whether you can repay.
• If the database is down on the provider's side, the lender can rely on your written statement that you're within the limit, then must enter the loan within 24 hours of the system coming back.

What Happens When the Database Says No

Each lender queries the database with your full name, Social Security or lien registration number, photo ID number and date of birth. The answer says whether you're eligible.

• A written reason. If you're ineligible, the lender must give you a notice with the reason and the database provider's contact details.
• A support line. FID lists the provider's support line, 1-833-446-8537, for questions about a result.
• No fee for a no. The database fee, $3 at most, can't be charged on a declined, voided or rescinded loan.
• Your records, free. You can ask the lender for a free copy of your loan history and file.

Paying Off a Payday Loan With a New One: The 60-Day Ceiling

If you agree in writing to extend, renew or refinance a loan with a new one, Nevada limits how far the lender can stretch it:

• The new repayment period can't run more than 60 days past the end of the original loan term.
• Unpaid interest and charges from the old loan can't be added to the new loan's principal.
• FID says this rule, written for high-interest loans in NRS 604A.5057, is mirrored for payday loans in NRS 604A.5029.

The 60-day ceiling doesn't apply to a replacement loan at under 200% APR, repaid at least every 30 days over 150 days or more, with no interest after maturity and 5 days to cancel free, among other conditions. The lender can't sue you if you default on it, and FID says it can't be refinanced again. Need longer from the start? See Nevada loan options.

Three Steps for a Nevada Payday Request

1. Work out your room: 25% of your expected gross monthly income, minus what you owe on other outstanding loans.
2. Submit one request through LendUp. Lenders in our network review it, and any offer shows the APR, payments and total cost before you sign.
3. Check the itemized database fee, the finance charge and the due date on the agreement before you sign.

Finding Your Payday Lender in NMLS

1. Search NMLS Consumer Access by the lender's legal name or NMLS number.
2. Look for an active Nevada FID Check Cashing / Deferred Deposit Services license.
3. Match the name and address to the website or store; these licenses expire each December 31.

Problems with a lender go to FID through its online complaint form, or call (702) 486-4120.

Common Questions

Official Sources

← Nevada loan rules